Lido Advisors LLC Increases Stock Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Lido Advisors LLC grew its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 269.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 178,162 shares of the company’s stock after buying an additional 129,947 shares during the period. Lido Advisors LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $16,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter worth about $2,407,000. Main Street Financial Solutions LLC boosted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 67.9% during the second quarter. Main Street Financial Solutions LLC now owns 10,333 shares of the company’s stock worth $948,000 after acquiring an additional 4,179 shares in the last quarter. Quantinno Capital Management LP boosted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 816.1% during the second quarter. Quantinno Capital Management LP now owns 135,311 shares of the company’s stock worth $12,412,000 after acquiring an additional 120,540 shares in the last quarter. Karpus Management Inc. grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 11.7% in the second quarter. Karpus Management Inc. now owns 7,290 shares of the company’s stock worth $669,000 after purchasing an additional 765 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter worth about $123,000.

SPDR Bloomberg 1-3 Month T-Bill ETF Price Performance

Shares of NYSEARCA BIL opened at $91.58 on Friday. The company has a 50 day simple moving average of $91.53 and a two-hundred day simple moving average of $91.52. SPDR Bloomberg 1-3 Month T-Bill ETF has a fifty-two week low of $91.26 and a fifty-two week high of $91.78.

SPDR Bloomberg 1-3 Month T-Bill ETF Profile

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL was launched on May 25, 2007 and is managed by State Street.